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Ocwen Short Sale Package PDF Details

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Question	Answer
Form Name	Ocwen Short Sale Package
Form Length	7 pages
Fillable?	Yes
Fillable fields	222
Avg. time to fill out	23 min 6 sec
Other names	ocwen form payoff, ocwen short sale, ocwen loan modification form, ocwen loan modification application form

Form Preview Example

	Ocwen Loan Servicing, LLC	1661 Worthington Road, Suite 100
	Ocwen Loan Servicing, LLC	West Palm Beach, FL 33409
	WWW.OCWEN.COM	West Palm Beach, FL 33409
	WWW.OCWEN.COM	Toll Free: 800.746.2936
	Helping Homeowners is What We Do! TM	Toll Free: 800.746.2936

		Loan Number:

Important Application Information

To avoid delays, please make sure all pages are complete, accurate, and signed or initialed where indicated.

□Send all forms and documents at ONE time, and send all pages of requested documents.

□Keep a complete copy of what you send to us.

□Be sure to initial, sign and date forms as indicated.

Where to Send Your Application

Fax or Email - for fastest processing	or	Regular Mail
Fax or Email - for fastest processing	or	Regular Mail

		Ocwen Loan Servicing
Fax: 407.737.6352		Attn: Home Retention Department
Email: rma@ocwen.com		1661 Worthington Road, Suite 100
		West Palm Beach, FL 33409

Questions? Call us toll-free at 800.746.2936.

We are available Monday through Friday 8 am to 9 pm or Saturday 8 am to 5 pm ET.

OCWEN CUSTOMER HARDSHIP ASSISTANCE PACKAGE

SECTION 1		STATEMENT OF INTENTION
		STATEMENT OF INTENTION
What are your intentions	KEEP (Modify)			GIVE BACK (Deed-in-Lieu)		SELL (Short Sale)
Regarding this property?

If you have multiple properties with Ocwen, would			Yes		If Yes, list all associated loan numbers
you like to use these documents on those loans?			No
you like to use these documents on those loans?			No

SECTION 2

BORROWER INFORMATION FORM

Borrower(s) Name

Primary Borrower Name

Co-Borrower One Name

Co-Borrower Two Name

Social Security Number

Home Phone Number

Cell or Work Number

Email Address

Property Address:

Mailing Address: If same as Property Address, check here. 
Have you filed for bankruptcy?	 Yes	 No	If yes	 Chapter 7	 Chapter 11		 Chapter 12	 Chapter 13
If yes, what is the filing Date:		Has your bankruptcy been discharged?			 Yes	 No	Bankruptcy case number:

Page 1 of 7

	Ocwen Loan Servicing, LLC				1661 Worthington Road, Suite 100
	Ocwen Loan Servicing, LLC				West Palm Beach, FL 33409
		WWW.OCWEN.COM			West Palm Beach, FL 33409
		WWW.OCWEN.COM			Toll Free: 800.746.2936
	Helping Homeowners is What We Do! TM				Toll Free: 800.746.2936

					Loan Number:

SECTION 3	PROPERTY, OCCUPANCY AND RENTAL INFORMATION FORM
	PROPERTY, OCCUPANCY AND RENTAL INFORMATION FORM
Do you occupy this property as a Primary Residence?			 Yes	 No
Have you been temporarily displaced and intend to			 Yes	 No
occupy this property as a Primary Residence?			 Yes	 No
occupy this property as a Primary Residence?

Please briefly describe the reason for displacement. Please include whether or not any borrower is an active duty service member or a surviving spouse of a deceased service member who was on active duty at the time of death.

If you do NOT occupy the property, what is the total monthly rent or mortgage payment where you currently live? $			.00

Do you have any other debts or obligations secured by this	 Yes	 No
property (i.e. second mortgage, home equity loan, judgments	 Yes	 No
or liens)?
If Yes, please itemize these debts or obligations below:

Debt Obligations

Amount ($)

Do you own any other property?

Yes

No

How many?	. If yes, please complete the following items:

Other Property Address		Monthly Mortgage Payment	Rental Income Received	Is the Property Currently Vacant?

				 Yes	 No
				 Yes	 No
				 Yes	 No

NOTE – Please attach a separate sheet of paper with details related to any additional properties, additional co-borrowers, or non-borrowers.

SECTION 4	HOUSEHOLD ASSETS AND EXPENSES FORM
	HOUSEHOLD ASSETS AND EXPENSES FORM
Combined Assets			Monthly Expenses
Round all ﬁgures to the nearest dollar			Round all ﬁgures to the nearest dollar
Total $ in Checking Account(s)	$		Credit Cards/Installment Debt	$
Total $ in Savings Account(s)	$		Child support/ Alimony / Dependent Care	$
Money Market, Stock, Bonds & CD’s	$		Car and	$
Value/Amount	$		Auto/Food/Household/Utilities/Water/	$
Value/Amount			Auto/Food/Household/Utilities/Water/
			Sewer/Phone Expenses
Estimated Value of Real Estate Owned	$		Homeowner Association Fees (HOA)	$
Other Cash on Hand	$		Other Loans (excluding Mortgage)	$
Other	$		Other	$
Assets TOTAL	$	.00	Expenses TOTAL	$	.00

Page 2 of 7

Ocwen Loan Servicing, LLC

1661 Worthington Road, Suite 100

West Palm Beach, FL 33409

WWW.OCWEN.COM

Toll Free: 800.746.2936

Helping Homeowners is What We Do! TM

Loan Number:

SECTION 5

MONTHLY INCOME FORM

ALL ﬁgures should represent the total amount received per month for that income category

Primary Borrower Name

Co-Borrower One Name

Co-Borrower Two Name

Employer Name*

Base Pay/Salary

(Monthly gross amount before deductions)

Hire Date

Weekly

Monthly

Weekly

Monthly

Weekly

Monthly

How often are you paid?

Every 2

Twice a

Every 2

 Twice a

Every 2

 Twice a

weeks

month

weeks

month

weeks

month

Self-Employment Income

Unemployment Benefits

Public Assistance/Food Stamps

Social Security Benefits

Disability Benefits: (check one)

Less than 1 Year 1 Year or Greater

Supplemental Security Income (SSI)

Pensions, Annuities, or Retirement Plans

Alimony

Child Support

Monthly Gross Rental Income from all

Properties

Other Income – Examples:

Investment, Interest, Dividends,

Total (Gross Income)

.00

*If there are more than one employer, please provide additional information on a separate sheet.

Page 3 of 7

	Ocwen Loan Servicing, LLC	1661 Worthington Road, Suite 100
		West Palm Beach, FL 33409
	WWW.OCWEN.COM
		Toll Free: 800.746.2936
	Helping Homeowners is What We Do! TM

Loan Number:

SECTION 6	HARDSHIP STATEMENT
	Date hardship began (MM\|YY): ________\|________

The hardship is/was: Short-term (under 6 months) Medium-term (6-12 months)  Long-term or permanent hardship (12 months +) Has the reason for the hardship been resolved? Yes No

Reason for Hardship	Documentation Needed
Check ALL that apply below and add description if needed	Documents to include with your application

Household income has declined

Reduction in hours with current employer

 Current year

 Prior Year

Expenses have increased

Cash reserves, including all liquid assets, are insufficient to maintain the current mortgage payment and cover basic living expenses at the same time.

Monthly debt payments are excessive and I am overextended with my creditors. Debt includes credit cards, home equity or other debt.

Death of primary or secondary wage earner

Divorce/separation

Disability or serious injury of a borrower or family member

*No documentation needed shall require providing detailed medical information.

Disaster (natural or man-made) adversely impacting my property or place of employment

Distant Employment Transfer/Relocation

Business failure

No hardship documentation required

Death Certificate OR

Obituary or newspaper article reporting the death

Divorce Decree copy signed by the court; OR

Separation Agreement copy signed by the court; OR

Current credit report copy evidencing divorce, separation, or non- occupying borrower has a different address

Proof of monthly insurance benefits or government assistance (if applicable); OR

Written statement or other documentation verifying Disability; OR

Doctor’s certificate of injury or Disability OR

Copies of Medical Bills

Insurance claim; OR

Federal Emergency Management Agency grant or Small Business loan;

Borrower or employee property located in a Federally Declared Disaster Area

For active-duty Service members: Notice of Permanent Change of Station (PCS) or actual PCS orders.

For employment transfer/new employment:

Signed offer letter copy or notice from employer showing transfer to a new employment location: OR

Paystub from new employer; OR

If none above apply, provide written explanation

In addition to the above, documentation showing the amount of any relocation assistance provided, if applicable (not required for those with PCS orders).

Federal Tax Return from the previous year (including all schedules) AND

Proof of business failure supported by one of the following:

Bankruptcy filing for the business; OR

Two months recent Bank Statement for the business account evidencing cessation of business activity; OR

Most recent signed and dated quarterly or year-to-date Profit and Loss statement

Page 4 of 7

	Ocwen Loan Servicing, LLC	1661 Worthington Road, Suite 100
		West Palm Beach, FL 33409
	WWW.OCWEN.COM
		Toll Free: 800.746.2936
	Helping Homeowners is What We Do! TM

Loan Number:

SECTION 6

HARDSHIP STATEMENT

I am unemployed and receiving benefits

I am/was receiving unemployment benefits from

______|______|________ to ______|______|________

Start Date ( MM|DD|YY )

End Date ( MM|DD|YY )

I am unemployed and NOT receiving benefits

Other Hardship(s) – describe below:

No hardship documentation required

Written explanation describing the details of the hardship and relevant documentation. Space provided below.

Hardship Explanation (continue on a separate sheet of paper if necessary)

SECTION 7

INCOME DOCUMENTATION REQUIRED

ANY and ALL borrowers or Contributors must report and provide evidence of ALL income sources

IMPORTANT – Avoid processing delays by providing COMPLETE documentation as described below.

Include ALL pages of any statements.

	Income Record Type - Check all that apply			Documentation Required - Please provide for each borrower

			1.	Complete, signed individual federal income tax return and, as applicable,
	 PROFIT AND LOSS STATEMENT			the business tax return, AND
	 PROFIT AND LOSS STATEMENT		2.	Either the last three monthly Profit and Loss Statements OR one for the most
	{If Self-Employed}			recent quarter, OR copies of bank statements for the business account for the
				last two months evidencing continuation of business activity.
			3.	Include only business related gross/net income and itemized expenses.
 BASE PAY – SALARY/HOURLY WAGE INCOME			Paystubs dated within 90 days which shows at least 30 days of Year-to-Date income.
 UNEMPLOYMENT BENEFITS			Award letter showing the amount, frequency, and duration of beneﬁts that have begun
 UNEMPLOYMENT BENEFITS			or will begin in 60 days
			or will begin in 60 days

	 PUBLIC ASSISTANCE & FOOD STAMPS; SOCIAL
	SECURITY RETIREMENT, SURVIVORS, OR DISABILITY		Examples include exhibits, disability policy or beneﬁts statement(s) from provider AND
	SECURITY RETIREMENT, SURVIVORS, OR DISABILITY
	BENEFITS; SUPPLEMENTAL SECURITY INCOME;
	BENEFITS; SUPPLEMENTAL SECURITY INCOME;		proof of receipt of payment (such as two most recent bank statements or deposit
	WORKERS’ COMPENSATION; PENSIONS, ANNUITIES,
	WORKERS’ COMPENSATION; PENSIONS, ANNUITIES,		advice dated within 90 days)
	OR RETIREMENT PLANS; AND/OR ADOPTION		advice dated within 90 days)


	ASSISTANCE
		1.		Copy of divorce decree, separation agreement, or other written legal agreement
				filed with the court documents must show the amount of payments AND the
 ALIMONY, CHILD SUPPORT, OR MAINTENANCE				period of time that you are entitled to payment(s) AND
 ALIMONY, CHILD SUPPORT, OR MAINTENANCE		2.		Copies of two most recent bank statements, deposit advices showing receipt of
	PAYMENTS			payment, cancelled checks, or third party documentation dated within 90 days.
			NOTE – Alimony, child support or separate maintenance income need not be disclosed if
			it is not to be considered for repaying the mortgage debt.
			1.	Copy of the most recent filed federal tax return with all schedules,
	 MONTHLY GROSS INCOME FROM RENTAL PROPERTIES			including Schedule E - Supplemental Income and Loss OR
	 MONTHLY GROSS INCOME FROM RENTAL PROPERTIES		2.	If rental income is not reported on Schedule E - Supplemental Income and Loss,
				provide a copy of the current Lease Agreement (All pages) AND one bank
				statement showing deposit of rent checks OR rent receipts.
 Other Income - Investment, Interest Dividends,			Proof of payment receipt (such as a two most recent investment or bank statements or
 Other Income - Investment, Interest Dividends,			deposit advice, dated within the last 90 days). Must include source, amount, and
	Royalty, overtime, Bonuses, Commissions, Etc.
	Royalty, overtime, Bonuses, Commissions, Etc.		frequency.
			frequency.

Page 5 of 7

		Ocwen Loan Servicing, LLC	1661 Worthington Road, Suite 100
		Ocwen Loan Servicing, LLC	West Palm Beach, FL 33409
		WWW.OCWEN.COM	West Palm Beach, FL 33409
		WWW.OCWEN.COM	Toll Free: 800.746.2936
	Helping Homeowners is What We Do! TM		Toll Free: 800.746.2936

			Loan Number:

SECTION 8		NON-BORROWER Authorization
SECTION 8		Complete if including income from a non-borrower (person(s) not on loan)

IMPORTANT - Ocwen cannot consider non-borrower income UNLESS this authorization form is completed.

A non-borrower is deﬁned as someone who may live at the borrower’s primary residence, but is not on the original mortgage loan/note (and may or may

not be on the original security instrument), but whose income is used to support the mortgage payment or monthly expenses.

Note: Without these authorizations, non-borrower income cannot be considered, and may result in a delay in processing your application.

Non-Borrower 1

Non-Borrower 2

Print Name

Amount contributing towards the mortgage payment

I conﬁrm that I contribute towards the mortgage payments and consent to the use of my contribution for the calculation of monthly income. I will also provide

any supporting documentation showing my monthly income as referenced in Section 7. I authorize and give permission to the Servicer and their respective

agents, to assemble and use a current consumer report if necessary as part of this assistance review. I understand that you may collect and record personal

information that I submit, including but not limited to my name, address, and income information. I understand and consent to the disclosure of my personal

informationSIGN

to third parties, including but not limited to, the Servicer and their respectiveSIGN agents, successors, and assigns, any investor, insurer, guarantor,

stateHEREHFA or any HUD-certified housing counselor.

HERE

|_ |_

|_ |

Non-Borrower 1

Date(MM|DD|YY)

Non-Borrower 2

Date(MM|DD|YY)

Signature

SECTION 9

BORROWER /CO- BORROWER ACKNOWLEDGEMENT AND AGREEMENT

I certify, acknowledge, and agree to the following:

1.All of the information in this Request for Mortgage Assistance is truthful and the hardship that I have identified contributed to my need for mortgage relief.

2.The accuracy of my statements may be reviewed by the servicer, owner or guarantor of my mortgage, their agent(s), or an authorized third party, and I may be required to provide additional supporting documentation. I will provide all requested documents and will respond timely to all servicer or authorized third party communications. An authorized third party may include, but is not limited to, those outlined in the Authorization to Release Information, a counseling agency, Housing Finance Agency (HFA) or other similar entity that is assisting in obtaining mortgage assistance.

3.Knowingly submitting false information may violate Federal and other applicable law.

4.If I have intentionally defaulted on my existing mortgage, engaged in fraud or misrepresented any fact(s) in connection with this request for mortgage assistance or if I do not provide all required documentation, the servicer may cancel any mortgage assistance offer granted and may pursue foreclosure on my property and/or pursue any available legal remedies allowable under federal and state law.

5.The servicer is not obligated to offer me assistance based solely on the representations in this document or other documentation submitted in connection with my request.

6.I may be eligible for a trial period plan, repayment plan, or forbearance plan. If I am eligible for one of these plans, I agree that:

a . A l l the terms of this Acknowledgement and Agreement are incorporated into such plan by reference as if set forth in such plan in full.

b.My first timely payment under the plan will serve as acceptance of the terms set forth in the notice of the plan sent by the servicer.

c.The servicer's acceptance of any payments under the plan will not be a waiver of any acceleration of my loan or foreclosure action that has occurred and will not cure my default unless such payments are sufficient to completely cure my entire default under my loan.

7.Payments due under a trial period plan for a modification will contain escrow amounts. If I was not previously required to pay escrow amounts, and my trial period plan contains escrow amounts, I agree to the establishment of an escrow account and agree that any prior waiver is revoked. Payments due under a repayment plan or forbearance plan may or may not contain escrow amounts. If I was not previously required to pay escrow amounts and my repayment plan or forbearance plan contains escrow amounts, I agree to the establishment of an escrow account and agree that any prior escrow waiver is revoked.

8.A condemnation notice has not been issued for the property.

9.The servicer or authorized third party may obtain a current credit report on all borrowers obligated on the Note.

Page 6 of 7

	Ocwen Loan Servicing, LLC	1661 Worthington Road, Suite 100
		West Palm Beach, FL 33409
	WWW.OCWEN.COM
		Toll Free: 800.746.2936
	Helping Homeowners is What We Do! TM

Loan Number:

SECTION 9

BORROWER /CO- BORROWER ACKNOWLEDGEMENT AND AGREEMENT

10.The servicer and its respective agents, successors, and assigns or authorized third party will collect and record personal information that I submit in this Request for Information and during the evaluation process, I am authorizing these respective parties to obtain, share, release, discuss, and otherwise provide to and with each other public and non-public personal information contained in or related to the mortgage loan including, but not limited to the evaluation of this assistance application. This personal information contained in or related to the mortgage loan including but not limited to the evaluation of this assistance application. This personal information may include, but is not limited to: (a) my name, address, telephone number, (b) my Social Security Number, (c) my credit score/credit report,

(d)my income, and (e) my payment history and information about my account balances and activity. I understand and consent to the servicer or authorized third party, as well as any investor or guarantor (such as Fannie Mae or Freddie Mac), disclosing my personal information and the terms of any relief or mortgage assistance that I receive to the following:

a.Any investor, insurer, guarantor, or servicer that owns, insures, guarantees, or services my first lien or subordinate lien (if applicable) mortgage loan(s) or any companies that perform support services for them,

b.State HFA or any HUD-certified housing counselor, and

c.The authorization includes but is not limited to any parties listed below.

Counseling Agency		Other Third Party viz. Authorized Agent/ Realtor/ Broker

Agency/ Third Party Contact Name & Phone Number		Agency/ Third Party Email Address

In addition to this financial statement and its attachments, there may be times when additional information is needed to review the situation thoroughly and my information may be provided to complete the review, such as (a) Ordering credit reports, (b) verifying bank accounts in this disclosure, and (c) obtaining any other information necessary to properly analyze this request.

BY SIGNING BELOW I UNDERSTAND AND AGREE WITH THE TERMS OF THIS AUTHORIZATION TO RELEASE INFORMATION

11.I consent to be contacted concerning this request for mortgage assistance or any other loan related matter at any telephone number,

including mobile telephone number, or email address I have provided to the lender/servicer/or authorized third party* by checking this box, I also consent to being contacted by □ text messaging.

SIGN	_____________________________	_____\|_____\|_____	SIGN	_____________________________	_____\|_____\|_____
HERE	_____________________________	_____\|_____\|_____	HERE	_____________________________	_____\|_____\|_____
HERE			HERE
	Primary Borrower Name	Date (MM\|DD\|YY)		Co-Borrower One Name	Date (MM\|DD\|YY)
	Signature	Date (MM\|DD\|YY)
	Signature			Signature

SIGN	_____________________________	_____\|_____\|_____
HERE	_____________________________	_____\|_____\|_____
HERE
	Co-Borrower Two Name	Date (MM\|DD\|YY)
		Date (MM\|DD\|YY)
	Signature

*An authorized third party may include, but is not limited to, a counseling agency, Housing Finance Agency (HFA) or other similar entity that is assisting me in obtaining a foreclosure prevention alternative.

Page 7 of 7

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ocwen loan modification form spaces to complete

Provide the necessary particulars in the space YesNo, IfYeslistallassociatedloannumbers, BORROWERINFORMATIONFORM, SECTION, BorrowersName, SocialSecurityNumber, HomePhoneNumber, CellorWorkNumber, EmailAddress, and PropertyAddress.

step 2 to completing ocwen loan modification form

You're going to be expected to provide the information to help the system complete the area HaveyoufiledforbankruptcyYesNo, IfyesChapter, Chapter, Chapter, Chapter, IfyeswhatisthefilingDate, and Pageof.

Filling in ocwen loan modification form part 3

You will have to identify the rights and obligations of both parties in section HelpingHomeownersisWhatWeDoTM, LoanNumber, SECTION, Yes, Yes, Yes, DebtObligations, Amount, Doyouownanyotherproperty, and Yes.

step 4 to finishing ocwen loan modification form

End up by reading the next areas and filling them in accordingly: OtherPropertyAddress, MonthlyMortgagePayment, RentalIncomeReceived, IsthePropertyCurrentlyVacant, Yes, Yes, Yes, SECTION, HOUSEHOLDASSETSANDEXPENSESFORM, CombinedAssets, Roundallﬁgurestothenearestdollar, MonthlyExpenses, Roundallﬁgurestothenearestdollar, TotalinCheckingAccounts, and TotalinSavingsAccounts.

Completing ocwen loan modification form part 5

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